451,800 Shares in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC bought a new stake in Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 451,800 shares of the mining company’s stock, valued at approximately $5,204,000.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter valued at $50,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Compañía de Minas Buenaventura S.A.A. by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock valued at $58,000 after buying an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Compañía de Minas Buenaventura S.A.A. in the fourth quarter valued at $63,000. R Squared Ltd purchased a new stake in Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth about $74,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 8.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,977 shares of the mining company’s stock worth $126,000 after acquiring an additional 867 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank raised their target price on Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. StockNews.com raised shares of Compañía de Minas Buenaventura S.A.A. from a “hold” rating to a “buy” rating in a report on Thursday, May 1st.

Compañía de Minas Buenaventura S.A.A. Stock Performance

Shares of BVN stock opened at $14.51 on Friday. The stock’s 50-day moving average is $14.63 and its two-hundred day moving average is $13.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. Compañía de Minas Buenaventura S.A.A. has a 1 year low of $11.50 and a 1 year high of $18.84. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 10.29 and a beta of 0.42.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. The firm had revenue of $299.59 million for the quarter, compared to analysts’ expectations of $315.77 million. Analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current year.

Compañía de Minas Buenaventura S.A.A. Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th were issued a $0.2922 dividend. This represents a dividend yield of 0.5%. This is a boost from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend was Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s payout ratio is presently 14.81%.

Compañía de Minas Buenaventura S.A.A. Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.